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's tax season and while many of us may have to pay up this year, the social media site, facebook, is reportedly getting a ton of cash back from the government. peter doocy live with the details now. peter? >> doug, folks all around the world use facebook for free. but that company still manages to make a lot of money, about $1.1 billion in profit just last year, just here in the united states. they didn't pay any federal income tax or state income tax in 2012. in fact, they'll get a refund of $429 million because of one tax deduction. for executive stock options. >> employees cashed in the stock options and at that point, there was a tax deduction for the company. because even though it didn't cost facebook a nickel, the government treats as wages and they get a deduction for it. >> just this week, president obama said congress should get rid of tax breaks like this one. >> save hundreds of billions of dollars by getting rid of tax loopholes and deductions for the well off and the well connected. >> president obama has benefited tremendously from his popularity on social media an
this week. thank you for joining us. remember, you can weigh in on all the topics we discussed on twitter. be sure to sound off. remember, while you work hard, pay your taxes, struggle to put food on the table. lawmakers in dc are cash not guilty and that's got to stop of the i'll see you on "the five" week days at 5:00 p.m. eastern. have a great day, everybody. >>> a bad weekend for facebook. the popular social media site gets hacked just shortly after word breaks that they paid no income taxes last year and we'll get a hefty refund. find out how much money the company is getting back. >>> a major clean-up in russia after a meteor blew out thousands of windows and injured 1200 people. could more fire balls be coming our way? we'll ask bill nye, the science guy. and count down to cuts. heated hearings on the hill this week on the impact of the looming mandatory defense cuts. we'll hear from both sides of the aisle will whether there is time to stop sequestration. i'm doug mckelway, america's news headquarters live from the nation's capitol starts right now. >>> it's tax season and while m
into northern mexico. law enforcement officials say he could be anywhere, which brings us back to downtown los angeles, which will host the grammy as tonight at the staples center, not far from the los angeles police headquarters where we are now. there's stepped up security there tonight. they had road blocks there early this morning. as you know, police officers are dorner's target. >> what are the theorist with this guy? in his manifesto he seemed to suggest he wouldn't be around much longer. is there any thought he's taken his life or do they believe he's still out there. >> there are multiple theories. he could have taken his life. it's a mystery regarding his truck because track led away from the truck up in the mountains near big bear lake then they disappeared. he seemed bent on revenge and said he would go away and then reappear. there is fear he's waiting things out. he patiently planned this vengeful shooting. they remain on detail. the targets are people he blames for being part of his firing. >> frightening situation. >> our other top story, the digout in new england. the blizzard
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